Deutsche Bank, London

3 September 2015

Agenda

2

1 2

Half-year

2015 highlights

Group

financials

2

RTL Group’s

strategy

Strong financial performance: revenue, EBITA and net profit up

3

2,788million revenue

€

351million

net profit

€

€1.00 Interim

534 million

reported EBITA

€

YoY growth

+3.8%

19.2%EBITA Margin

extraordinary dividend

+3.3%

YoY growth

+73.8%€ 628 million

YoY growth

+2.6%

YoY growth

reported EBITDA

Highlights of HY 2015

4

Britain's Got Talent, Simon Cowell

digital revenue growth+94%

EBITA growth at Mediengruppe

RTL Deutschland+9.6%

European media company in

online video1)#1

1) By comScore video property ranking

Agenda

5

1 2

Half-year

2015 highlights

Group

financials

2

RTL Group’s

strategy

Media is in a state of constant evolution

6

DIGITALCONTENT

BROADCAST

TelevisionRemains highly profitable – video

consumption increasingly across all

screens

Digital VideoGaining reach as content

quality improves, but still

lacks profitability

Monetisation Multi-platform distribution leads to

converging media sales and platform

fee opportunities

Production & IP New global hits are hard to find

with genres from high-end

drama to low-cost web content

Current video consumption1)

RTL Top 5 (GE/FR/NL/ES/UK), in minutes per day (avg.)

2014

89%

2011

94%

2008

98%

Potential 2020 2) scenarios

RTL Top 5, in minutes per day

4%

231213

241

6%

Linear TV is still strong, with non-linear likely to accelerate

Moderate EU-5 case

259

81%

11%8%

Linear TV Time-shifted TV VOD

(based on past 5 year EU

growth trajectory)

+18min

Source: 1) IHS/ScreenDigest (VOD = pay-TV VOD + online long-form + online short-form), 2) Scenarios are RTL forecasts based on IHS EU/UK data.

1%

1%

Consumption

5%2%

7

8

TV viewing time in minutes per day1)

Average daily time (incl. time shifting)

2014

221

124

2010

223

142

France

E 14-29

Total

2014

221

146

2010

212

158

2014

282

171

2010

292

219

2014

200

158

2010

191

166

2014

220

138

2010

242

169

US

UKNetherlands

Germany

Total

E 15-34

Total

E 20-34

Total

E 16-24

Total

E 15-24

2014

239

134

2010

234

146

Spain

Total

E 15-25

-0.2%

CAGR

10-14

-3%

+0.5%

-2%

+1%

-2%

+1%

-1%

-1%

-6%

-2%

-5%

CAGR

10-14 CAGR

10-14

SOURCES: GER: AGF/GFK, TV SCOPE 5.0, FR: MÉDIAMÉTRIE (AND M6), UK: BARB, US: NIELSEN, NL_ SKO; ALL INCLUDING DVR VIEWING, TOTAL VIEWING TIME DEMOGRAPHIC DIFFERS SLIGHTLY BETWEEN

COUNTRIES (DE: INDIVIDUALS 3+, FR, ES, UK: INDIVIDUALS 4+, NL: INDIVIDUALS 6+)

ConsumptionViewing time is stable overall, with slight decline in young demo’s

9

Target: 14-59 y.o., all day

Access

Prime

Prime

Time

Late

Prime

Late

Night

Monday #1 #1 #1 #1

Tuesday #1 #1 #1 #1

Wednesday #1 #1 #1 #1

Thursday #1 #1 #2 #1

Friday #1 #1 #1 #1

Saturday #2 #1 #1 #1

Sunday #1 #2 #2 #4

Access

Prime

Prime

Time

Late

Prime

Late

Night

Monday #2 #2 #2 #2

Tuesday #2 #2 #2 #2

Wednesday #2 #2 #2 #2

Thursday #2 #2 #2 #2

Friday #2 #2 #2 #2

Saturday #2 #2 #2 #2

Sunday #2 #2 #2 #2

Access

Prime

Prime

Time

Late

Prime

Late

Night

Monday #1 #1 #1 #2

Tuesday #1 #1 #1 #2

Wednesday #1 #1 #1 #2

Thursday #1 #1 #1 #2

Friday #1 #1 #1 #2

Saturday #2 #1 #2 #2

Sunday #2 #1 #2 #2

Target: Hswes <50 y.o., all day Target: Shoppers 20-49 y.o., all day

Average audience performance by time slot in 2014

Source: AGF in cooperation with GfK, TV Scope 5.0, H1/2013; MMW / Médiametrie (January-December 2014); SKO, January-December 2014

ConsumptionOur main channels remain #1 or #2….

10

Germany France Netherlands

88%

Local productions

Acquired content

76%

91%

64%

91%

54%

34 14

New format launches

New format launches

above channel average

5 3 14 8

+7% -7% +34%

In hours, in 2014

+X% YoY growth

11 5

65% 70%

+4% -2% +11%

20 1140 15

X

X

Consumption…based on strong local productions

ConsumptionBut measurement systems need to follow the audience

Measurement is only gradually adapting - changes not expected until 2016

Linear TV Linear viewing on TV set

Time-shifted Time shifted viewing within 7 days

Online

(PC)

Catch-Up TV (7+days)

Other offers (e.g. YouTube, VOD services1))

Video viewing on mobile devices

Type of viewing

Extended TV Panel

Measurement

DE FR NL

4 days

Hybrid online data

(Panel + Census)

Starting

20152016

Incl. IPTV

Starting

2015

Mobile

Planned

2015/16n/a

Starting

2015

Planned

2015/16

Planned

2015/16

Mobile integration with

online panelStarting

2015

Data Trend

1) Depending on participation (e.g. YouTube to join in GER, not in NL)

11

AdvertisingWe believe video will remain the dominant format in the future

Forecast US ad spend by format ¹)

4%

6%6% 4%

8%15%

2020

67%

24%

20152010

54%

32%

20052000

44%

35%

Video, as a % of total ad spend, is accelerating and will be the clear winner

Text

Audio

Image

Video

+3%

2020

80

87%

4%9%

2014

69

96%

2% 2%

US: Video ad spend, in $ billion

TV advertisingNon-premium VODPremium VOD

CAGR

2%

Source: 1) Compilation by BMO capital markets using data from Group M, IAB, Magna Global

12

BROADCAST

DIGITAL

Agenda

Transformingthe Content industry

CONTENT

13

FremantleMediaMore format development, drama and digital

Our strategic priorities

1

2

3

Maintaining core

business

Developing the

pipeline

Maximising the

network

Building a scalable

digital business4

Keep existing shows on air

Roll out formats to new territories

Create new entertainment formats

Strengthen new genres

Develop organically in new territories

M&A for market entry/consolidation

Expand capabilities across value chain

Develop new content verticals

Through organic growth

and M&A

14

FremantleMediaMaintaining the core business

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015est

Long-running game shows performing well

Some cancellations are unavoidable

Talent shows continue to roll out

Inevitably, older shows will decline in profitability

Yrs. on air:

MEXICOAs a daily

ASIAPan-regional

SCANDINAVIABack

in-house

FRANCE3rd season

since back

Indicative Gross Profit

22 20 19 8

Household ratings

Highest ratings in

over 20 years

1.92.4

3.0

4.65.0

5.76.4

08/09 09/10 10/11 11/12 12/13 13/14 14/15 Nov 14

1.9

11

American Idol 2016 will

be the last series

15

FremantleMediaDeveloping the pipeline – entertainment shows

2014/2015 launches with potential to travel

Series 2 in production in the USA, SyndicationLaunched successfully on BBC3, sold to Kabel 1

Germany

RTL Germany launch, headliner at MIPTV 2015

La Banda – In production for Univision launching

Autumn 2015

Successful pilot launch on BBC2 primetime, in

negotiation for a further 5 episodes, launched at

MIPTV 2015

Series 1 in production M6 France

Series 2 Netherlands in production RTL4

Sold into 12 markets (incl. Argentina, Turkey, Romania,

Croatia, Czech Republic, Indonesia, Ireland, Peru)

Aired Canada, successfully launched in Sweden.

Piloting for VOX Germany

Series 2 commissioned SVT Sweden. Interest in Germany,

Belgium, Portugal, Serbia, India, China, UK, US

Couples version launching July 2015 on ProSieben,

piloting NBC USA, sold to NBC Pan Arabia

On air TV3 Denmark, in production Kanal5 Finland.

Launched at MIPTV 2015

Beat The Brain – 30 Episodes BBC2 across prime

16

Deutschland 83: “Fresh and

enjoyable” (New York Times)

17

American Gods: TV serial adaptation

of best selling novel

The Young Pope: Starring Jude Law,

(Sky, HBO & Canal Plus)

Leading Italian independent

producer

Sold to 7 countries;

on RTL prime-time in autumn

Commissioned by US premium

pay channel Starz

New top productionNew acquisition New development

FremantleMediaPush into scripted prime-time entertainment

CONTENT

BROADCAST

Agenda

Statusof Digital initiatives

DIGITAL

18

THE RTL DIGITAL HUB TEAM

Anke Schäferkordt / Guillaume de Posch,

Co-CEOs

Marcel Reichart, EVP RTL Digital Hub

MCN worldwide#3

Fashion & beauty

MCN#1

Video advertising

exchangeTop5

European

MCN#1

Pioneer in programmatic

ad sales on linear TV

*

*

MCN:

Giles Drew

Diane Le Douaron

Digital Advertising Technology

Rhys Noelke

Henry Rivero

RTL DIGITAL HUB

* 51% shareholding in Divimove is held by FremantleMedia; RTL Group has a 17 per cent minority stake in Clypd

Digital businessDigital hub created to manage growth of video assets

19

Digital businessRTL Group is becoming a truly global online video powerhouse

20

1) By comScore video property ranking; 2) Consolidated view: excl. Atresmedia, including BroadbandTV since July 2013, StyleHaul since Dec. 2014, Divimove since February 2015 and YoBoHo since April 2015

1,2 4,8

15,7

42,5

HY 2012 HY 2013 HY 2014 HY 2015

VIDEO VIEWS RTL GROUP

HY 2015 (in billion)2)

European media company

in online video1)1#

digital revenue, driven by

acquisitions and organic

growth of +33%+94%

YouTube channels managed

by world leading stack of MCNs45,000

21

+84%

+112%

+90%

DIGITAL REVENUE

In € million

HY 2013 HY 2014 HY 2015

X2

Ad

Non-Ad

113

219

8%Share of total revenue4%

103

RTL Group to further grow its

leading position in online video

YoY growth

1) Pro-forma

1)

1)

Digital businessDigital has become a key driver of RTL Group’s top-line growth

22

1) Content & ads, excl. mobile; 2) Aggregated pro-forma view of all MCN’s and YouTube channels operated by RTL Group companies (Divimove, StyleHaul and YoBoHo included for whole time frame, not since acquisition date);

3) Incl. UK, GER, FR, NL; 4) Aggregated pro-forma view of Collective and Studio 71

2)

June 2014 June 2015

#1 worldwide

COMSCORE MCN RANKING

By video views, excl. music services1)

#2

in US

#1 in

Europe

#1 in

Germany

3)

#1 #2 #5

#1 #2 #3

#1 #2 #3

In June 2015

4)

Digital businessRTL Group has become a global leader on YouTube

3)

23

1) Global comScore YouTube partner ranking, content & ads, excl. mobile 2) Aggregated pro-forma view of BroadbandTV, StyleHaul, YoBoHo, Divimove and FremantleMedia 3) Aggregated pro-forma view of Collective and Studio 71

4) Only including content directly produced and financed by RTL Group broadcasters, FremantleMedia or MCNs (excl. content produced by MCN channel partners)

VIDEO VIEWSJune 20151)

UNIQUE USERSJune 20151)

2)

270m 265m 75m

700m 650m 270m

45,000 55,000 2,000

SUBSCRIBERS

CHANNELS

200+ hours original content

produced in HY 20154)

180+ branded content campaigns

delivered in HY 2015

El Rubius Zoella Rclbeauty 101

8msubs

3m subs

13m subs

Digital businessGlobal leader on YouTube

New officesIn Amsterdam, Hamburg

Belfast and Singapore+4

Growth of private

market place usage+112%

24

All figures relate to HY 2015 1) IFRS view, proforma

Strong revenue growth Growing publisher base

HY 2015 revenue growth, YoY1)

Ad decisionsprocessed per day

4.2bn

+100% YoY

~100

June 2014 June 2015

Latest additions

Live platform publishers300+

+90%

Digital businessSpotXchange on impressive profitable growth path

RTL Group’s strategic focusSummary

DIGITALCONTENT

BROADCAST

Broaden & intensify Digital capabilities (e.g. ad-tech)

Improve & extend Sales and monetisation (ad/pay)

Strengthen & reinforce Reach and audience performance

Invest & grow FremantleMedia

Develop & innovate Broadcaster programming

Scale & expand Video presence (esp. off-YT)

25

Disclaimer

27

This presentation is not an offer or solicitation of an offer to buy or sell securities. It is furnished to you solely for your information and use at this meeting. It contains

summary information only and does not purport to be comprehensive or complete, and it is not intended to be (and should not be used as) the sole basis of any

analysis or other evaluation.

No representation or warranty (express or implied) is made as to, and no reliance should be placed on, any information, including projections, estimates, targets and

opinions, contained herein, and no liability whatsoever is accepted as to any errors, omissions or misstatements contained herein. By accepting this presentation you

acknowledge that you will be solely responsible for your own assessment of the market and the market position of RTL Group S.A. (the "Company”) and that you will

conduct your own analysis and be solely responsible for forming your own view of the potential future performance of the Company’s business.

This presentation contains certain forward-looking statements relating to the business, financial performance and results of the Company and/or the industry in which

the Company operates. Forward-looking statements concern future circumstances and results and other statements that are not historical facts, sometimes identified

by the words “believes,” “expects,” “predicts,” “intends,” “projects,” “plans,” “estimates,” “aims,” “foresees,” “anticipates,” “targets,” “will,” “would,” “could” and similar

expressions. The forward-looking statements contained in this presentation, including assumptions, opinions and views of the Company or cited from third-party

sources, are solely opinions and forecasts which are uncertain and subject to risks and uncertainty because they relate to events and depend upon future

circumstances that may or may not occur, many of which are beyond the Company’s control. Such forward-looking statements involve known and unknown risks,

uncertainties and other factors, which may cause the actual results, performance or achievements of the Company or any of its subsidiaries (together with the

Company, the “Group”) or industry results to be materially different from any future results, performance or achievements expressed or implied by such forward-

looking statements. Actual events may differ significantly from any anticipated development due to a number of factors, including without limitation, changes in

general economic conditions, in particular economic conditions in core markets of the members of the Group, changes in the markets in which the Group operates,

changes affecting interest rate levels, changes affecting currency exchange rates, changes in competition levels, changes in laws and regulations, the potential

impact of legal proceedings and actions, the Group’s ability to achieve operational synergies from past or future acquisitions and the materialization of risks relating

to past divestments. The Company does not guarantee that the assumptions underlying the forward-looking statements in this presentation are free from errors and

it does not accept any responsibility for the future accuracy of the opinions expressed in this presentation. The Company does not assume any obligation to update

any information or statements in this presentation to reflect subsequent events. The forward-looking statements in this presentation are made only as of the date

hereof. Neither the delivery of this presentation nor any further discussions of the Company with any of the recipients thereof shall, under any circumstances, create

any implication that there has been no change in the affairs of the Company since such date.

This presentation is for information purposes only, and does not constitute a prospectus or an offer to sell, exchange or transfer any securities or a solicitation of an

offer to purchase, exchange or transfer any securities in or into the United States or in any other jurisdiction. Securities may not be offered, sold or transferred in the

United States absent registration or pursuant to an available exemption from the registration requirements of the U.S. Securities Act of 1933, as amended.

Deutsche Bank, London

3 September 2015